Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-21-Speech-2-607"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-09-21"^^xsd:date2
dcterms:Is Part Of	lp_eu:Draft amending budget No 7/2010: guarantee provided by the European Union in accordance with the provisions of Article 122 of the TFEU – financial assistance to Member States (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100921.21.2-607"2
lpv:hasSubsequent	lp_eu:2010-09-21-Speech-2-6082
lpv:speaker	lp:Janusz Lewandowski2
lpv:spoken text	"Madam President, some small clarifications for Mrs Andreasen on this very issue. Draft amending budget No 7 does not involve the Member States’ guarantees; that is for the other part. What is guaranteed by the Member States is EUR 440 billion of bilateral loans. As for the structure of the budget, this is the copy of a balance-of-payments facility, and again, this is a question which has been asked already. This is a typical arrangement for budgetary items which concern lending operations without a specific quantified guarantee fund. This is therefore a token entry. If the need arises for fresh money – so far activated in the balance-of-payments facility for Hungary, Latvia and Romania up to an amount of EUR 14.6 billion – then the Commission will put forward a proposal on the appropriations needed by means of a transfer or an amending budget. That is the machinery, but it is nothing new – merely an extension of an existing balance-of-payments facility to the eurozone member countries – and I agree with Reimer that this is a very flexible interpretation of the Lisbon Treaty."@en1
lpv:unclassifiedMetadata	"Janusz Lewandowski,"1 "Member of the Commission."1
lpv:videoURI	<go to Events_and_structure europarl>2

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